The latest Purdue University Consumer Food Insights Report shows consumers who are most satisfied with their food consumption also spend the lowest share of their incomes on food. The July 2023 survey-based report from Purdue’s Center for Food Demand Analysis and Sustainability assesses food spending, consumer satisfaction and values, support for agriculture and food policies, and trust in their information sources.
Three of every four Americans who responded say their food satisfaction is thriving. The researchers found that consumers have yet to embrace meat alternatives as better than beef from cattle. Other results include household food-at-home spending is up 4.6 percent from July 2022, reaching its highest level yet.
Consumers’ predictions for food inflation over the next 12 months have dropped to 3.7 percent, the lowest level recorded by the Purdue University survey. Food insecurity is a percentage point down from the previous month but higher than the 2022 average.